Regulatory AlertsFintech & Payments regulation by country
137 jurisdictions, compiled from the primary-source documents we track and refreshed monthly. Open a country for the full picture — laws, licensing, restrictions — with every claim cited.
AU AustraliaFJ FijiHK Hong KongJP JapanMN MongoliaNZ New ZealandWS SamoaSB Solomon IslandsKR South KoreaTW TaiwanKZ KazakhstanKG KyrgyzstanTJ TajikistanAL AlbaniaAM ArmeniaAT AustriaAZ AzerbaijanBE BelgiumBA Bosnia and HerzegovinaBG BulgariaHR CroatiaCY CyprusCZ Czech RepublicDK DenmarkEU European UnionFI FinlandFR FranceGE GeorgiaDE GermanyGI GibraltarGR GreeceGG GuernseyHU HungaryIE IrelandIM Isle of ManIT ItalyXK KosovoLV LatviaLT LithuaniaLU LuxembourgMD MoldovaME MontenegroNL NetherlandsNO NorwayPL PolandPT PortugalSM San MarinoRS SerbiaSK SlovakiaSI SloveniaES SpainSE SwedenCH SwitzerlandTR TurkeyGB United KingdomAR ArgentinaAW ArubaBS BahamasBB BarbadosBZ BelizeBR BrazilVG British Virgin IslandsKY Cayman IslandsCO ColombiaDO Dominican RepublicEC EcuadorSV El SalvadorHT HaitiJM JamaicaNI NicaraguaPA PanamaPE PeruKN Saint Kitts and NevisTT Trinidad and TobagoDZ AlgeriaBH BahrainEG EgyptIQ IraqIL IsraelJO JordanKW KuwaitLB LebanonLY LibyaOM OmanPK PakistanPS PalestineQA QatarSA Saudi ArabiaTN TunisiaAE United Arab EmiratesCA CanadaBD BangladeshIN IndiaMV MaldivesLK Sri LankaID IndonesiaMY MalaysiaMM MyanmarPH PhilippinesSG SingaporeTH ThailandVN VietnamAO AngolaBW BotswanaBI BurundiCM CameroonCV Cape VerdeKM ComorosDJ DjiboutiCD DR CongoSZ EswatiniET EthiopiaGM GambiaGH GhanaGN GuineaKE KenyaLS LesothoLR LiberiaMG MadagascarMW MalawiMR MauritaniaMU MauritiusMZ MozambiqueNA NamibiaNG NigeriaRW RwandaST Sao Tome and PrincipeSN SenegalSC SeychellesSL Sierra LeoneSO SomaliaZA South AfricaTZ TanzaniaUG UgandaZM ZambiaZW ZimbabweUS US Federal
Asia-Pacific
| Market | Lead regulator | Core law | Entry capital | Status |
|---|---|---|---|---|
| Australia | Australian Securities and Investments Commission (ASIC) | Corporations Act 2001 | No statutory minimum capital for AFS; APRA requires AUD 50m for payment systems | Regulated |
| Fiji | Reserve Bank of Fiji | National Payment System Act 2021 | — | Regulated |
| Hong Kong | Hong Kong Monetary Authority (HKMA) | Payment Systems and Stored Value Facilities Ordinance (2018) | HKD 3m (SVF Type 1) | Regulated |
| Japan | Financial Services Agency (FSA) | Payment Services Act (PSA) | JPY 10m (Type I Funds Transfer) | Regulated |
| Mongolia | Bank of Mongolia | Law on Central Bank of Mongolia (2022) | — | Partially regulated |
| New Zealand | Reserve Bank of New Zealand | AML/CFT Act 2009 · Financial Market Infrastructures Act 2021 | — | Partially regulated |
| Samoa | Central Bank of Samoa | National Payment System Act 2014 | — | Regulated |
| Solomon Islands | Central Bank of Solomon Islands (CBSI) | Payment Systems Act 2022 | — | Partially regulated |
| South Korea | Financial Services Commission (FSC) | Payment Services Act (PSA) | KRW 1 billion (Payment Service Provider) | Regulated |
| Taiwan | Financial Supervisory Commission (FSC) | Virtual Asset Service Provider Act (2026) | TWD 50m (VASP) | Regulated |
Central Asia
| Market | Lead regulator | Core law | Entry capital | Status |
|---|---|---|---|---|
| Kazakhstan | National Bank of Kazakhstan (NBK) & Astana Financial Services Authority (AFSA) | Law on Payment Systems and Transfer of Funds (2015) & AIFC Rules on Providing Money Services (2025) | USD 100,000 (AIFC VASP); KZT 100m (NBK Payment Institution) | Regulated |
| Kyrgyzstan | National Bank of the Kyrgyz Republic (NBKR) | Law on Payment Systems and Payment Organizations (2019) | KYD 50m (VASP via bank); KYD 100m (PSO) | Regulated |
| Tajikistan | National Bank of Tajikistan | Law on Payment Services and Payment Systems (2014) | TJS 10m (Payment System Operator) | Regulated |
Europe
| Market | Lead regulator | Core law | Entry capital | Status |
|---|---|---|---|---|
| Albania | Bank of Albania | Law on Payment Services and Electronic Money (2021/2022 Regulations) | ALL 2.5m (Payment Institution) | Regulated |
| Armenia | Central Bank of Armenia (CBA) | Law on Payment and Settlement Systems | empty | Regulated |
| Austria | Financial Market Authority (FMA) | Payment Services Act 2018 (ZaDiG 2018) | EUR 20,000 (Payment Institution) | Regulated |
| Azerbaijan | Central Bank of Azerbaijan | Law of the Republic of Azerbaijan on Payment Services and Payment Systems (2025) | AZN 300,000 (Payment Institution) | Regulated |
| Belgium | Financial Services and Markets Authority (FSMA) | Law of 2 August 2002 on the supervision of the financial sector | EUR 300,000 (Payment Institution) | Regulated |
| Bosnia and Herzegovina | Central Bank of Bosnia and Herzegovina (CBH) | Law on Payment and Settlement Systems (2004) | — | Partially regulated |
| Bulgaria | Financial Supervision Commission (FSC) | Law on Payment Services and Payment Systems (2018) | EUR 350,000 (Payment Institution) | Regulated |
| Croatia | Croatian Financial Services Supervisory Agency (HANFA) | Payment Services Act (ZPUS-1) | EUR 20,000 (Payment Institution) | Regulated |
| Cyprus | CySEC (crypto) / Central Bank of Cyprus (payments) | MiCAR (2023) / Payment Services Law 12(I)/2018 | EUR 50,000 (E-money) | Regulated |
| Czech Republic | Czech National Bank (CNB) | Act No. 338/2009 Coll. on Payment Services | CZK 20,000 (Payment Institution) | Regulated |
| Denmark | Finanstilsynet (Danish Financial Supervisory Authority) | Act on Payment Services (2015) | — | Regulated |
| European Union | National Competent Authorities (NCAs) under EBA/ESMA oversight | Payment Services Directive 3 (PSD3) / Payment Services Regulation (PSR) | EUR 20,000 (Payment Institution) | Regulated |
| Finland | Finnish Financial Supervisory Authority (FIN-FSA) | Act on Payment Services (2010/521) · Act on Payment Institutions (2010/522) | EUR 20,000 (Payment Institution) | Regulated |
| France | ACPR | Monetary and Financial Code (CMF) | EUR 300,000 (Payment Institution) | Regulated |
| Georgia | National Bank of Georgia | Law of Georgia on Payment Systems and Payment Services (2021) | GEL 50,000 (Payment Service Provider) | Regulated |
| Germany | Federal Financial Supervisory Authority (BaFin) | Payment Services Supervision Act (ZAG), 2009 (as amended) | — | Regulated |
| Gibraltar | Gibraltar Financial Services Commission (GFSC) | Financial Services Act 2019; Proceeds of Crime Act 2015 | — | Regulated |
| Greece | Bank of Greece | Law 4261/2014 (transposing PSD2) | EUR 20,000 (Payment Institution) | Regulated |
| Guernsey | Guernsey Financial Services Commission (FSC) | Lending, Credit and Finance (Bailiwick of Guernsey) Law 2022 | GBP 50,000 (VASP) | Regulated |
| Hungary | Magyar Nemzeti Bank (MNB) | Act CXII of 2013 on Payment Services (Pmt. Act) | HUF 70m (Payment Institution) | Regulated |
| Ireland | Central Bank of Ireland | European Union (Payment Services) Regulations 2018; MiCAR | — | Regulated |
| Isle of Man | Isle of Man Financial Services Authority (IoM FSA) | Financial Services Act 2008 | £100,000 (Money Transmission Services) | Regulated |
| Italy | Bank of Italy (Banca d'Italia) | Legislative Decree 141/2010 (Transposition of PSD2) | EUR 125,000 (Payment Institution) | Regulated |
| Kosovo | Central Bank of the Republic of Kosovo (CBK) | Law on Payment and Settlement Systems (2012) | EUR 200,000 (Payment System Operator) | Regulated |
| Latvia | Financial and Capital Market Commission (FCMC) | Law on the Prevention of Money Laundering and Terrorist Financing (2010, amended) | EUR 125,000 (Payment Institution); EUR 350,000 (E-money Institution) | Regulated |
| Lithuania | Bank of Lithuania | Law on Payment Services and Electronic Money (2019) | EUR 350,000 (EMI) | Regulated |
| Luxembourg | Commission de Surveillance du Secteur Financier (CSSF) | Law of 12 July 2005 on the financial sector (PSD2 transposition) | EUR 300,000 (Payment Institution) | Regulated |
| Moldova | National Bank of Moldova | Law No. 114/2012 on Payment Services and Electronic Money | MDL 200,000 (Payment Institution) | Regulated |
| Montenegro | Central Bank of Montenegro (CBCG) | Payment System Law (2023) | EUR 20,000 (Payment Institution) | Regulated |
| Netherlands | De Nederlandsche Bank (DNB) & Autoriteit Financiële Markten (AFM) | Wet toezicht financiële ondernemingen 2024 (DFTA) | EUR 350,000 (Payment Institution) | Regulated |
| Norway | Finanstilsynet (The Norwegian Financial Supervisory Authority) | Financial Enterprises Act (Finansforetaksloven) & Payment Services Act (Betalingsloven) | NOK 300,000 (Payment Institution) | Regulated |
| Poland | Polish Financial Supervision Authority (KNF) | Act on Payment Services (2011, amended) | PLN 20,000 (Payment Institution) | Regulated |
| Portugal | Banco de Portugal | Decree-Law No. 11-A/2018 (transposing PSD2) | EUR 300,000 (Payment Institution) | Regulated |
| San Marino | Banca Centrale della Repubblica di San Marino (BCRSM) | Regulation No. 2020-04 on Payment Services and Electronic Money Issuance | EUR 125,000 (Payment Institution) | Regulated |
| Serbia | National Bank of Serbia (NBS) | Law on Payment Services (2025) | EUR 35,000 (Payment Institution) | Regulated |
| Slovakia | Národná banka Slovenska (NBS) | Act No. 492/2009 Coll. on Payment Services | EUR 20,000 (Payment Institution) | Regulated |
| Slovenia | Banka Slovenije | Payment Services Act (ZPlaSSID) | EUR 20,000 (Payment Institution) | Regulated |
| Spain | Bank of Spain | Royal Decree 736/2019 (PSD2) and Law 21/2011 (EMD2) | EUR 20,000 (Payment Institution) | Regulated |
| Sweden | Finansinspektionen | Payment Services Act (2010:751) | SEK 300,000 (Registered PSP) | Regulated |
| Switzerland | FINMA | Banking Act (BankG) 1934 | CHF 50,000 (VASP) | Regulated |
| Turkey | Central Bank of the Republic of Turkey (CBRT) | Payment and Securities Settlement Systems Law No. 6493 (2013) | TRY 5m (Payment Institution); TRY 50m (Payment Service Provider) | Regulated |
| United Kingdom | Financial Conduct Authority (FCA) | Financial Services and Markets Act 2000 (FSMA) | GBP 0 (VASP); GBP 20,000 (Small PI) | Regulated |
Latin America & Caribbean
| Market | Lead regulator | Core law | Entry capital | Status |
|---|---|---|---|---|
| Argentina | Banco Central de la Republica Argentina (BCRA) | Circular SINAP 1-232 (2025) - Payment Service Providers | — | Regulated |
| Aruba | Centrale Bank van Aruba (CBA) | State Ordinance on the Supervision of Money Transfer Companies (SOSMTC) | Afl. 50,000 (Money Transaction Company) | Partially regulated |
| Bahamas | Central Bank of The Bahamas | Banks and Trust Companies Regulation Act 2020 | — | Partially regulated |
| Barbados | Central Bank of Barbados | National Payment System Act, 2021 | BDS$500,000 (MVT) | Regulated |
| Belize | Central Bank of Belize | National Payment System Act, 2020 (as amended 2023) & National Payment System Regulations, 2024 | BZ$ 500,000 (Financial Institution) | Regulated |
| Brazil | Banco Central do Brasil (BCB) | Law No. 10,934/2004 (Payment Institutions) & BCB Resolutions | BRL 100,000 (Payment Institution) | Regulated |
| British Virgin Islands | Financial Services Commission (FSC) | Virtual Assets Service Providers Act, 2022 | BVI 50,000 (VASP) | Regulated |
| Cayman Islands | Cayman Islands Monetary Authority (CIMA) | No specific fintech legislation | — | Unregulated |
| Colombia | Superintendencia Financiera de Colombia (SFC) | Law 1328 of 2009 (Financial Group) & Law 2222 of 2022 (Fintech) | COP 500m (Financial Group) | Regulated |
| Dominican Republic | Banco Central de la República Dominicana (BCRD) | Law No. 183-02 (Monetary and Financial Law) | — | Partially regulated |
| Ecuador | Banco Central del Ecuador (BCE) | Resolution JPRM-2024-018-M (Regulation of Payment Means and Systems in Ecuador and Fintech Activities) | USD 200,000 (Digital Credit Lending) | Regulated |
| El Salvador | Comisión Nacional de Activos Digitales (CNAD) | Digital Asset Issuance Law (2024) | USD 2,500 (PSAD AML verification fee) | Regulated |
| Haiti | Banque de la République d’Haïti (BRH) | Circular 121 (2021) on Electronic Payment Service Providers | USD 500,000 (Electronic Payment Service Provider) | Regulated |
| Jamaica | Bank of Jamaica | Banking Services Act, 2014 | — | Partially regulated |
| Nicaragua | Superintendencia de Bancos y de Otras Instituciones Financieras (SIBOIF) | Law No. 977 (AML/CFT) | — | Unregulated |
| Panama | Superintendencia de Bancos de Panama (SBP) | Law 51 of 2011 (Payment Systems) | — | Partially regulated |
| Peru | Superintendencia de Banca, Seguros y AFP (SBS) | Law No. 29326 (Electronic Money) · Law No. 30014 (Crowdfunding) | PEN 500,000 (Electronic Money) | Partially regulated |
| Saint Kitts and Nevis | Eastern Caribbean Central Bank (ECCB) | Banking Act 2015 | — | Partially regulated |
| Trinidad and Tobago | Central Bank of Trinidad and Tobago (CBTT) | Central Bank Act & E-Money Issuer Order, 2020 | TBD (E-Money Issuer Order, 2023) | Regulated |
Middle East, North Africa, Pakistan
| Market | Lead regulator | Core law | Entry capital | Status |
|---|---|---|---|---|
| Algeria | Bank of Algeria (BNA) | Law No. 06-02 on Payment Systems (2006) | — | Restricted |
| Bahrain | Central Bank of Bahrain (CBB) | Law No. (23) of 2025 Amending Provisions of the Law of Commerce | BD 2,000,000 (Retail/Wholesale) | Regulated |
| Egypt | Central Bank of Egypt (CBE) | Central Bank and Banking System Law No. 194 of 2020 | EGP 20m (Digital Bank); EGP 75m (Microfinance/MSME) | Regulated |
| Iraq | Central Bank of Iraq (CBN) | Law No. 94 of 1987 (Banking) & CBN Guidelines | IQD 1 billion (Commercial Bank) | Partially regulated |
| Israel | Bank of Israel | Payment Services Law, 5775-2015 | NIS 500,000 (Payment Institution) | Regulated |
| Jordan | Central Bank of Jordan (CBJ) | Banking Law No. 28 of 2000 · Securities Law No. 18 of 2017 | — | Partially regulated |
| Kuwait | Central Bank of Kuwait (CBK) | Law No. 32 of 1968 (Banking) & CBK Circulars on Electronic Payments | KWD 1,000,000 (Electronic Payment Infrastructure) | Regulated |
| Lebanon | Banque du Liban (BDL) | Basic Decision No. 13790 (2026) | LBP 50 billion (EPSP) | Regulated |
| Libya | Central Bank of Libya (CBL) | Law No. 1 of 2005 (Central Bank of Libya Law) | LYD 500,000 (Payment Institution) | Regulated |
| Oman | Central Bank of Oman (BOM) | Law of Banks and Financial Institutions (Royal Decree 101/2020) | — | Partially regulated |
| Pakistan | State Bank of Pakistan (SBP) | Payment Systems and Electronic Money Institutions Act, 2024 | — | Partially regulated |
| Palestine | Palestine Monetary Authority (PMA) | Law No. 41 of 2022 Concerning National Payments | USD 25m (Digital Bank) | Regulated |
| Qatar | Qatar Central Bank (QCB) | Law No. 14 of 2016 on Payment Systems | — | Partially regulated |
| Saudi Arabia | Saudi Central Bank (SAMA) | Payments and Payment Services Law (2020) | SAR 5m (Electronic Money Institution) | Regulated |
| Tunisia | Banque Centrale de Tunisie (BCT) | Law No. 2016-48 (Banking) · Circular 2018-61 (Payment Institutions) | TND 10m (Payment Institution) | Regulated |
| United Arab Emirates | Central Bank of the UAE | Federal Decree-Law No. 6 of 2025 | AED 500,000 (Restricted Licence Finance Company) | Regulated |
North America
South Asia
| Market | Lead regulator | Core law | Entry capital | Status |
|---|---|---|---|---|
| Bangladesh | Bangladesh Bank | Bank Company Act, 1991 (as amended) | BDT 500,000,000 (Mobile Financial Service) | Regulated |
| India | Reserve Bank of India (RBI) | Payment and Settlement Systems Act, 2007 | INR 5 crore (PPI) | Regulated |
| Maldives | Maldives Monetary Authority (MMA) | National Payment System Act (2021) | MVR 500,000 (Payment Service Provider) | Regulated |
| Sri Lanka | Central Bank of Sri Lanka | Payment and Settlement Systems Act No. 40 of 2005 | LKR 15 million (MVTS) | Regulated |
Southeast Asia
| Market | Lead regulator | Core law | Entry capital | Status |
|---|---|---|---|---|
| Indonesia | Bank Indonesia | Law No. 21 of 2011 on Financial Services Authority & Law No. 7 of 2011 on Currency | IDR 2.5 billion (E-money) | Regulated |
| Malaysia | Bank Negara Malaysia (BNM) | Financial Services Act 2013 (FSA) & Payment Services Act 2019 (PSA) | RM 1,000,000 (Payment Agent) | Regulated |
| Myanmar | Central Bank of Myanmar (CBM) | Mobile Financial Services Regulations (2016) | MMK 3 billion (MFS) | Regulated |
| Philippines | Bangko Sentral ng Pilipinas (BSP) | BSP Circular No. 1191 (MORPS) & Circular No. 1206 (MORNBFI-M) | PHP 50,000,000 (EMI-NBFI) | Regulated |
| Singapore | Monetary Authority of Singapore | Payment Services Act 2019 | SGD 500,000 (Standard Payment Institution) | Regulated |
| Thailand | Securities and Exchange Commission Thailand (SEC) | Emergency Decree on Digital Asset Businesses B.E. 2561 (2018) | — | Regulated |
| Vietnam | State Bank of Vietnam (SBV) | — | Regulated |
Sub-Saharan Africa
| Market | Lead regulator | Core law | Entry capital | Status |
|---|---|---|---|---|
| Angola | Banco Nacional de Angola | Law No. 14/21 (Financial System Organization) | Kz 10,000,000 (PSP) | Regulated |
| Botswana | Bank of Botswana (BoB) · NBFIRA | Banking Act 2023 · NBFIRA Act | P20m (Banking) · P20k (Micro-lending) | Partially regulated |
| Burundi | Banque de la République du Burundi (BRB) | Law No. 1/07 of May 11, 2018 on the National Payment System | BIF 1,000m (E-money Issuer) | Regulated |
| Cameroon | BEAC (Central Bank of Central African States) | CEMAC Regulation No. 03/2016 on Payment Systems | — | Regulated |
| Cape Verde | Banco de Cabo Verde (BCV) | Law on Financial Activities and Institutions (LAIF) No. 62/VIII/2014 | — | Partially regulated |
| Comoros | Banque Centrale des Comores (BCC) | Law N°20-005/AU on Payment Services (2020) | Uncertain | Regulated |
| Djibouti | Banque Centrale de Djibouti | Law No. 118/AN/15/7th Legislature (2024) | 100 million DJF (E-money) | Regulated |
| DR Congo | Banque Centrale du Congo (BCC) | Instruction No. 53 (Financial Companies) & Instruction No. 006 (Messaging) | USD 500,000 (Financial Company) | Regulated |
| Eswatini | Central Bank of Eswatini | National Payments System Act of Eswatini, 2023 | — | Regulated |
| Ethiopia | National Bank of Ethiopia (NBE) | Proclamation No. 1360/2025 (Banking Business) & ONPS Directives | — | Regulated |
| Gambia | Central Bank of The Gambia | Banking Act 2009 | GMD 200m (Banking) | Partially regulated |
| Ghana | Bank of Ghana | Payment Systems and Services Act, 2019 (Act 987) | GHS 500,000 (Payment Institution) | Regulated |
| Guinea | Banque Centrale de la Republique de Guinee (BCRG) | Ordinary Law on Inclusive Financial Institutions (2017) | GNF 200 billion (Bank) | Regulated |
| Kenya | Central Bank of Kenya (CBK) | National Payment System Act, 2011 | KES 10m (Payment Service Provider) | Regulated |
| Lesotho | Central Bank of Lesotho | Payment Systems Act, 2014 | M 2m (E-money Issuer) | Regulated |
| Liberia | Central Bank of Liberia | Payment Systems Act of Liberia (2014) | USD 100,000 (Electronic Payment Services) | Regulated |
| Madagascar | Commission de Supervision Bancaire et Financière (CSBF) | Law No. 2016-056 on Electronic Money and Electronic Money Institutions | 500,000,000 Ariary (EMIs) | Regulated |
| Malawi | Reserve Bank of Malawi (RBM) | Financial Services Act 2010 | MK100,000,000 (Non-Deposit Taking Microfinance) | Partially regulated |
| Mauritania | Banque Centrale de Mauritanie (BCM) | Law No. 2018-036 bis (2018) | NGN equivalent 6 billion Ouguiya (Banking) | Partially regulated |
| Mauritius | Bank of Mauritius | National Payment Systems Act 2018 | MUR 5m (Payment Service Provider) | Regulated |
| Mozambique | Banco de Moçambique | Law No. 20/2020 (Credit Institutions and Financial Companies) | MT 16m (Credit Information System) | Regulated |
| Namibia | Bank of Namibia | Payment System Management Act, 2023 | — | Regulated |
| Nigeria | Central Bank of Nigeria (CBN) | Payment Systems and Procedures Act, 2009 | NGN 100m (PSSP) | Regulated |
| Rwanda | National Bank of Rwanda (NBR) | Law No. 061/2021 Governing the Payment System | FRW 100m (Payment Service Provider) | Regulated |
| Sao Tome and Principe | Banco Central de Sao Tome e Principe (BCSTP) | Law No. 17/2018 (National Payments System) | — | Partially regulated |
| Senegal | Banque Centrale des Etats de l'Afrique de l'Ouest (BCEAO) | Instruction No. 001-01-2024 on Payment Services | FCFA 500m (Payment Institution) | Regulated |
| Seychelles | Financial Services Authority (FSA) | Virtual Asset Service Providers Act, 2020 | SCR 5m (VASP) | Regulated |
| Sierra Leone | Bank of Sierra Leone (BSL) | Payments System Act 2009 | LKR 500m (Mobile Money Issuer); LKR 2bn (Finance Leasing) | Partially regulated |
| Somalia | Central Bank of Somalia | Mobile Money Regulations 2020 (Amended 2021) | USD 2m (Mobile Money) | Regulated |
| South Africa | Financial Sector Conduct Authority (FSCA) | Financial Sector Regulation Act 2017 · FAIS Act 2002 | ZAR 1m (FAIS FSP) | Regulated |
| Tanzania | Bank of Tanzania | National Payment Systems Act, 2015 | TZS 20m (Tier 2 MFA) | Partially regulated |
| Uganda | Bank of Uganda | National Payment Systems Act 2020 | UGX 20m (Money Remittance) | Regulated |
| Zambia | Bank of Zambia | National Payment Systems Act No. 1 of 2009 | K10m (Electronic Money Institution) | Regulated |
| Zimbabwe | Reserve Bank of Zimbabwe | National Payment Systems Act | USD 5m (DTMFI) | Regulated |
United States
| Market | Lead regulator | Core law | Entry capital | Status |
|---|---|---|---|---|
| US Federal | FinCEN (federal AML) and State Regulators (licensing) | Bank Secrecy Act (1970) and State Money Transmitter Laws | Varies by state (e.g., $10k-$500k) | Partially regulated |